Banknifty Spot chart analysis for 18.07.2022

Banknifty standing just above a strong Support of 34644.

if banknifty moves upo from where it left off than it may reach to the level of 34858.

between 34858 to 35077 is also an extremely strong resistance zone.

If Bank Nifty crosses over 35077 then it may also cross 35304 and may reach 35510.



if banknifty crosses dow below 34644 then it may take support on 34458.

if banknifty crosses down below 34458 then it may also cross 34277 and may reach to the level of 34112.

If banknifty crosses down 34112 then it take bounce back from bounce back zone.

If banknifty crosses down 34112 then it take bounce back from bounce back zone.

it is highly unlikely that banknifty will cross 35722 tomorrow and reach higher levels.